Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    A Week With: 2024 Buick Encore GX Sport Touring AWD

    September 29, 2023

    Automakers Could Face $14 Billion in Fines to Meet Biden’s “Unfeasible” Fuel Economy Standards

    September 29, 2023

    You Should 3D Print Your Own Space Shuttle

    September 29, 2023
    Facebook Twitter Instagram
    • About Us
    • Contact
    • Privacy Policy
    • Disclaimer
    Facebook Twitter Instagram Pinterest VKontakte
    The Auto JournalThe Auto Journal
    • News
    • Car
    • Bike
    • EV
    • Comparisons
    • Reviews
    • Guide
    The Auto JournalThe Auto Journal
    Home » Flying automotive startup fizzling in Mich.
    News

    Flying automotive startup fizzling in Mich.

    Editor - The Auto JournalBy Editor - The Auto JournalJune 4, 2023Updated:June 4, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Housed in an outdated hangar on the historic Coleman A. Young Municipal Airport in Detroit is the Sigma-6, a modern $5 million eVTOL plane that represents the way forward for aviation.

    But the electrical vertical take-off and touchdown machine is operating out of runway.

    Airspace Experience Technologies, the startup behind the plane, has burned by practically all of its money, founder Jon Rimanelli stated. And it appears there’s little urge for food from buyers or financial improvement officers to proceed backing the mission — a minimum of in Michigan.

    Rimanelli stated he has been trying round at websites outdoors of the state to probably transfer his startup, and he even thought of attempting to promote it. Last month, he visited Wichita, Kan., the place he stated financial improvement officers rolled out the pink carpet for him. He stated he is not obtained the identical therapy in Michigan.

    “How are we going to survive if we can’t raise money in this town?” Rimanelli stated. “I’m open to selling it because we can’t grow it here. I’ve been fishing in this pond for 10 years.”

    Now, as the town and state work to lure Toyota-backed Joby Aviation and a possible $500 million manufacturing plant to the airport, Rimanelli fears being forgotten. But the general lack of traction for eVTOL automobiles — or flying automobiles, for brief — in recent times could also be what underlies Rimanelli’s frustration.

    Five years in the past, the entrepreneur predicted that his first iteration of a flying automotive could be shuttling passengers to and from Detroit Metropolitan Airport by 2023. Needless to say, that’s nonetheless a great distance from actuality.

    Rimanelli’s optimism matched the general spirits of the mobility tech business at the moment, although. Five years in the past, many anticipated driverless automobiles to be widespread by now, too. On the opposite, automakers have largely put full Level 5 autonomy on the backburner in an effort to deal with electrification and extra sensible developments in driverless options.

    Source: www.autonews.com

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article2023 Ford Bronco 100K construct set for giveaway
    Next Article 2024 Ford Mustang
    Editor - The Auto Journal
    • Website

    Related Posts

    You Should 3D Print Your Own Space Shuttle

    September 29, 2023
    Read More

    2024 Alfa Romeo Tonale PHEV: A Disappointing Plea To The Female Buyer

    September 29, 2023
    Read More

    An Angry Florida Customer And Auto Shop Owner Kill Each In A Shootout Over Bad Service

    September 29, 2023
    Read More

    Porsche’s American Prototypes Through The Ages At Rennsport Reunion 7

    September 29, 2023
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    A Week With: 2024 Buick Encore GX Sport Touring AWD

    September 29, 2023

    Automakers Could Face $14 Billion in Fines to Meet Biden’s “Unfeasible” Fuel Economy Standards

    September 29, 2023

    You Should 3D Print Your Own Space Shuttle

    September 29, 2023

    2024 Alfa Romeo Tonale PHEV: A Disappointing Plea To The Female Buyer

    September 29, 2023
    Top Reviews
    Advertisement
    The Auto Journal
    Facebook Twitter Instagram Pinterest YouTube LinkedIn
    • About Us
    • Contact
    • Privacy Policy
    • Disclaimer
    © 2023 The Auto Journal. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.